Transforming Microfinance Institutions : Providing Full Financial Services to the Poor

In response to a clear need by low-income people to gain access to the full range of financial services including savings, a growing number of microfinance NGOs are seeking guidelines to transform from credit-focused microfinance organizations to r...

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Main Authors:	Ledgerwood, Joanna, White, Victoria
Other Authors:	Brand, Monica
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	ACCOUNTING APEX AUDIT COMMITTEE AUDITS AUTOMATED TELLER MACHINES BANK LENDING BANKING SERVICES BANKS BOARD MEMBERS BRANCHES CAF CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENT CEO CGAP CHARTER COMMERCIAL BANK COMMERCIAL BANKS COMPANY COMPETITIVE MARKET COMPETITORS CONFLICT OF INTEREST CONFLICT OF INTEREST POLICY CONFLICTS OF INTEREST COOPERATIVES COST OF FUNDS COUNSEL DEBT DEPOSITS DISCOUNTED CASH FLOW ECONOMICS EFFECTIVE GOVERNANCE EMPLOYMENT ENTERPRISE DEVELOPMENT EXCESS LIQUIDITY EXPANSION FEDERAL RESERVE BANK OF NEW YORK FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PLANNING FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL SYSTEMS FINCA FOREIGN EXCHANGE INDIVIDUALS INSURANCE INTEREST RATES INTERNAL CONTROLS INVESTOR RELATIONS JOINT VENTURE LAWS LEVERAGE LICENSING LIMITED LIQUIDITY REQUIREMENTS LITERACY LTD. MANAGEMENT INFORMATION SYSTEMS MERGER MFI MICRO FINANCE MICROBANKING MICROENTERPRISE MICROENTERPRISES MICROFINANCE MICROFINANCE INDUSTRY MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MICROLENDING MICROLOANS MIGRATION NONBANK FINANCIAL INSTITUTIONS NONGOVERNMENTAL ORGANIZATIONS NONPERFORMING LOANS NONPROFIT ORGANIZATION OFFERINGS OUTREACH OWNERSHIP STRUCTURE PAYROLL SERVICES PRIVATE ENTERPRISE PROJECT FINANCING PUBLIC FINANCE PUBLIC SAVINGS REGULATORY FRAMEWORK RESERVE REQUIREMENTS RISK MANAGEMENT RURAL BANKS RURAL FINANCE SAVINGS SAVINGS FACILITIES SAVINGS MOBILIZATION SERVICE COMPANY SHAREHOLDERS SMALL BUSINESSES SOCIETY STAKEHOLDERS SUBORDINATED DEBT SUBSIDIARY SUPERVISORY FRAMEWORK TECHNICAL ASSISTANCE UNION VENTURE CAPITAL WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2006/08/7046441/transforming-microfinance-institutions-providing-full-financial-services-poor http://hdl.handle.net/10986/7086

id	okr-10986-7086
recordtype	oai_dc
spelling	okr-10986-70862021-04-23T14:02:27Z Transforming Microfinance Institutions : Providing Full Financial Services to the Poor Ledgerwood, Joanna White, Victoria Brand, Monica Braun, Gabriela Burand, Deborah Hannig, Alfred Hattel, Kelly Robinson, Marguerite ACCOUNTING APEX AUDIT COMMITTEE AUDITS AUTOMATED TELLER MACHINES BANK LENDING BANKING SERVICES BANKS BOARD MEMBERS BRANCHES CAF CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENT CEO CGAP CHARTER COMMERCIAL BANK COMMERCIAL BANKS COMPANY COMPETITIVE MARKET COMPETITORS CONFLICT OF INTEREST CONFLICT OF INTEREST POLICY CONFLICTS OF INTEREST COOPERATIVES COST OF FUNDS COUNSEL DEBT DEPOSITS DISCOUNTED CASH FLOW ECONOMICS EFFECTIVE GOVERNANCE EMPLOYMENT ENTERPRISE DEVELOPMENT EXCESS LIQUIDITY EXPANSION FEDERAL RESERVE BANK OF NEW YORK FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PLANNING FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL SYSTEMS FINCA FOREIGN EXCHANGE INDIVIDUALS INSURANCE INTEREST RATES INTERNAL CONTROLS INVESTOR RELATIONS JOINT VENTURE LAWS LEVERAGE LICENSING LIMITED LIQUIDITY REQUIREMENTS LITERACY LTD. MANAGEMENT INFORMATION SYSTEMS MERGER MFI MICRO FINANCE MICROBANKING MICROENTERPRISE MICROENTERPRISES MICROFINANCE MICROFINANCE INDUSTRY MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MICROLENDING MICROLOANS MIGRATION NONBANK FINANCIAL INSTITUTIONS NONGOVERNMENTAL ORGANIZATIONS NONPERFORMING LOANS NONPROFIT ORGANIZATION OFFERINGS OUTREACH OWNERSHIP STRUCTURE PAYROLL SERVICES PRIVATE ENTERPRISE PROJECT FINANCING PUBLIC FINANCE PUBLIC SAVINGS REGULATORY FRAMEWORK RESERVE REQUIREMENTS RISK MANAGEMENT RURAL BANKS RURAL FINANCE SAVINGS SAVINGS FACILITIES SAVINGS MOBILIZATION SERVICE COMPANY SHAREHOLDERS SMALL BUSINESSES SOCIETY STAKEHOLDERS SUBORDINATED DEBT SUBSIDIARY SUPERVISORY FRAMEWORK TECHNICAL ASSISTANCE UNION VENTURE CAPITAL WORKING CAPITAL In response to a clear need by low-income people to gain access to the full range of financial services including savings, a growing number of microfinance NGOs are seeking guidelines to transform from credit-focused microfinance organizations to regulated deposit-taking financial intermediaries. In response to this trend, this book presents a practical "how-to" manual for microfinance institutions to develop the capacity to become licensed and regulated to mobilize deposits from the public. This book provides guidelines for regulators to license and regulate microfinance providers, and for transforming microfinance institutions to meet the demands of two major new stakeholders -regulators and shareholders. As such, it focuses on developing the capacity of NGO microfinance institutions to mobilize and intermediate voluntary savings. Drawing from worldwide experience, it outlines how to manage the transformation process and address major strategic and operational issues inherent in transformation including competitive positioning, business planning, accessing capital and shareholders, and how to "transform" the microfinance institutions human resources, financial management, management information systems, internal controls, and branch operations. Case studies then provide examples of developing a new regulatory tier for microfinance, and how a Ugandan NGO transformed to become a licensed financial intermediary. 2012-06-05T13:54:36Z 2012-06-05T13:54:36Z 2006 http://documents.worldbank.org/curated/en/2006/08/7046441/transforming-microfinance-institutions-providing-full-financial-services-poor 978-0-8213-6615-8 http://hdl.handle.net/10986/7086 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING APEX AUDIT COMMITTEE AUDITS AUTOMATED TELLER MACHINES BANK LENDING BANKING SERVICES BANKS BOARD MEMBERS BRANCHES CAF CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENT CEO CGAP CHARTER COMMERCIAL BANK COMMERCIAL BANKS COMPANY COMPETITIVE MARKET COMPETITORS CONFLICT OF INTEREST CONFLICT OF INTEREST POLICY CONFLICTS OF INTEREST COOPERATIVES COST OF FUNDS COUNSEL DEBT DEPOSITS DISCOUNTED CASH FLOW ECONOMICS EFFECTIVE GOVERNANCE EMPLOYMENT ENTERPRISE DEVELOPMENT EXCESS LIQUIDITY EXPANSION FEDERAL RESERVE BANK OF NEW YORK FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PLANNING FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL SYSTEMS FINCA FOREIGN EXCHANGE INDIVIDUALS INSURANCE INTEREST RATES INTERNAL CONTROLS INVESTOR RELATIONS JOINT VENTURE LAWS LEVERAGE LICENSING LIMITED LIQUIDITY REQUIREMENTS LITERACY LTD. MANAGEMENT INFORMATION SYSTEMS MERGER MFI MICRO FINANCE MICROBANKING MICROENTERPRISE MICROENTERPRISES MICROFINANCE MICROFINANCE INDUSTRY MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MICROLENDING MICROLOANS MIGRATION NONBANK FINANCIAL INSTITUTIONS NONGOVERNMENTAL ORGANIZATIONS NONPERFORMING LOANS NONPROFIT ORGANIZATION OFFERINGS OUTREACH OWNERSHIP STRUCTURE PAYROLL SERVICES PRIVATE ENTERPRISE PROJECT FINANCING PUBLIC FINANCE PUBLIC SAVINGS REGULATORY FRAMEWORK RESERVE REQUIREMENTS RISK MANAGEMENT RURAL BANKS RURAL FINANCE SAVINGS SAVINGS FACILITIES SAVINGS MOBILIZATION SERVICE COMPANY SHAREHOLDERS SMALL BUSINESSES SOCIETY STAKEHOLDERS SUBORDINATED DEBT SUBSIDIARY SUPERVISORY FRAMEWORK TECHNICAL ASSISTANCE UNION VENTURE CAPITAL WORKING CAPITAL
spellingShingle	ACCOUNTING APEX AUDIT COMMITTEE AUDITS AUTOMATED TELLER MACHINES BANK LENDING BANKING SERVICES BANKS BOARD MEMBERS BRANCHES CAF CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENT CEO CGAP CHARTER COMMERCIAL BANK COMMERCIAL BANKS COMPANY COMPETITIVE MARKET COMPETITORS CONFLICT OF INTEREST CONFLICT OF INTEREST POLICY CONFLICTS OF INTEREST COOPERATIVES COST OF FUNDS COUNSEL DEBT DEPOSITS DISCOUNTED CASH FLOW ECONOMICS EFFECTIVE GOVERNANCE EMPLOYMENT ENTERPRISE DEVELOPMENT EXCESS LIQUIDITY EXPANSION FEDERAL RESERVE BANK OF NEW YORK FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PLANNING FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL SYSTEMS FINCA FOREIGN EXCHANGE INDIVIDUALS INSURANCE INTEREST RATES INTERNAL CONTROLS INVESTOR RELATIONS JOINT VENTURE LAWS LEVERAGE LICENSING LIMITED LIQUIDITY REQUIREMENTS LITERACY LTD. MANAGEMENT INFORMATION SYSTEMS MERGER MFI MICRO FINANCE MICROBANKING MICROENTERPRISE MICROENTERPRISES MICROFINANCE MICROFINANCE INDUSTRY MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MICROLENDING MICROLOANS MIGRATION NONBANK FINANCIAL INSTITUTIONS NONGOVERNMENTAL ORGANIZATIONS NONPERFORMING LOANS NONPROFIT ORGANIZATION OFFERINGS OUTREACH OWNERSHIP STRUCTURE PAYROLL SERVICES PRIVATE ENTERPRISE PROJECT FINANCING PUBLIC FINANCE PUBLIC SAVINGS REGULATORY FRAMEWORK RESERVE REQUIREMENTS RISK MANAGEMENT RURAL BANKS RURAL FINANCE SAVINGS SAVINGS FACILITIES SAVINGS MOBILIZATION SERVICE COMPANY SHAREHOLDERS SMALL BUSINESSES SOCIETY STAKEHOLDERS SUBORDINATED DEBT SUBSIDIARY SUPERVISORY FRAMEWORK TECHNICAL ASSISTANCE UNION VENTURE CAPITAL WORKING CAPITAL Ledgerwood, Joanna White, Victoria Transforming Microfinance Institutions : Providing Full Financial Services to the Poor
description	In response to a clear need by low-income people to gain access to the full range of financial services including savings, a growing number of microfinance NGOs are seeking guidelines to transform from credit-focused microfinance organizations to regulated deposit-taking financial intermediaries. In response to this trend, this book presents a practical "how-to" manual for microfinance institutions to develop the capacity to become licensed and regulated to mobilize deposits from the public. This book provides guidelines for regulators to license and regulate microfinance providers, and for transforming microfinance institutions to meet the demands of two major new stakeholders -regulators and shareholders. As such, it focuses on developing the capacity of NGO microfinance institutions to mobilize and intermediate voluntary savings. Drawing from worldwide experience, it outlines how to manage the transformation process and address major strategic and operational issues inherent in transformation including competitive positioning, business planning, accessing capital and shareholders, and how to "transform" the microfinance institutions human resources, financial management, management information systems, internal controls, and branch operations. Case studies then provide examples of developing a new regulatory tier for microfinance, and how a Ugandan NGO transformed to become a licensed financial intermediary.
author2	Brand, Monica
author_facet	Brand, Monica Ledgerwood, Joanna White, Victoria
format	Publications & Research :: Publication
author	Ledgerwood, Joanna White, Victoria
author_sort	Ledgerwood, Joanna
title	Transforming Microfinance Institutions : Providing Full Financial Services to the Poor
title_short	Transforming Microfinance Institutions : Providing Full Financial Services to the Poor
title_full	Transforming Microfinance Institutions : Providing Full Financial Services to the Poor
title_fullStr	Transforming Microfinance Institutions : Providing Full Financial Services to the Poor
title_full_unstemmed	Transforming Microfinance Institutions : Providing Full Financial Services to the Poor
title_sort	transforming microfinance institutions : providing full financial services to the poor
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/08/7046441/transforming-microfinance-institutions-providing-full-financial-services-poor http://hdl.handle.net/10986/7086
_version_	1764399181723598848

Transforming Microfinance Institutions : Providing Full Financial Services to the Poor

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